In the double-entry system, every business transaction affects

A. Two sides of the same account

B. The same side of two accounts

C. Two accounts only

D. Two or more accounts

Details of Mcqs: 

Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. For example, if a business pays its electricity bill for $1,200, then it will record an increase to “utilities expense” and a decrease to “cash”.

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